Unicharm (FRA:UN4) Cyclically Adjusted Book per Share: €2.77 (As of Jun. 2026)

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FRA:UN4 Unicharm Corp FRA:UN4
87 GF Score
Price €5.35
GF Value €6.93
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Unicharm Cyclically Adjusted Book per Share?

Unicharm FRA:UN4 -0.93% 87 Cyclically Adjusted Book per Share is €2.77 as of Jun. 2026. GuruFocus rates FRA:UN4 with a GF Score™ of 87/100 and a GF Value™ of €6.93 (Modestly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Unicharm's adjusted book value per share for the three months ended in Jun. 2026 was €2.837. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €2.77 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Unicharm's average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 11 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Unicharm was 10.30% per year. The lowest was 7.60% per year. And the median was 9.05% per year.

As of today (2026-09-16), Unicharm's current stock price is €5.35. Unicharm's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €2.77. Unicharm's Cyclically Adjusted PB Ratio of today is 1.93.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Unicharm was 8.46. The lowest was 2.69. And the median was 6.24.


Unicharm  (FRA:UN4) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Unicharm's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.35/2.772
=1.93

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Unicharm was 8.46. The lowest was 2.69. And the median was 6.24.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Unicharm Cyclically Adjusted Book per Share Related Terms


Unicharm Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Unicharm's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Unicharm Cyclically Adjusted Book per Share Chart

Unicharm Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.12 2.31 2.46 2.65 2.76

Unicharm Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.67 2.69 2.73 2.74 2.77

FRA:UN4 vs PG, CL, EL: Cyclically Adjusted Book per Share Comparison

For the Household & Personal Products subindustry, Unicharm's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Unicharm Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Unicharm's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Unicharm's Cyclically Adjusted PB Ratio falls into.


FRA:UN4
87GF Score
Unicharm Corp FRA:UN4
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Unicharm Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Unicharm's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.837/113.6000*113.6000
=2.837

Current CPI (Jun. 2026) = 113.6000.

Unicharm Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.018 98.000 2.339
201612 1.900 98.400 2.193
201703 1.951 98.100 2.259
201706 1.865 98.500 2.151
201709 1.884 98.800 2.166
201712 1.906 99.400 2.178
201803 1.977 99.200 2.264
201806 2.100 99.200 2.405
201809 2.148 99.900 2.443
201812 2.243 99.700 2.556
201903 2.309 99.700 2.631
201906 2.324 99.800 2.645
201909 2.468 100.100 2.801
201912 2.488 100.500 2.812
202003 2.513 100.300 2.846
202006 2.464 99.900 2.802
202009 2.442 99.900 2.777
202012 2.478 99.300 2.835
202103 2.556 99.900 2.907
202106 2.529 99.500 2.887
202109 2.633 100.100 2.988
202112 2.713 100.100 3.079
202203 2.785 101.100 3.129
202206 2.822 101.800 3.149
202209 2.873 103.100 3.166
202212 2.827 104.100 3.085
202303 2.818 104.400 3.066
202306 2.679 105.200 2.893
202309 2.754 106.200 2.946
202312 2.859 106.800 3.041
202403 2.834 107.200 3.003
202406 2.789 108.200 2.928
202409 2.921 108.900 3.047
202412 3.052 110.700 3.132
202503 3.005 111.100 3.073
202506 2.875 111.700 2.924
202509 2.855 112.000 2.896
202512 2.783 113.000 2.798
202603 2.800 112.700 2.822
202606 2.837 113.600 2.837

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of €2.77 mean?
Unicharm (FRA:UN4) has a Cyclically Adjusted Book per Share of €2.77 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Unicharm and its competitors.
Is Unicharm's Cyclically Adjusted Book per Share too high?
Unicharm's current Cyclically Adjusted Book per Share is €2.77. Overall, Unicharm has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Unicharm's Cyclically Adjusted Book per Share compare to PG and CL?
Unicharm's Cyclically Adjusted Book per Share of €2.77 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Consumer Packaged Goods company?
A good Cyclically Adjusted Book per Share depends on the Consumer Packaged Goods industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Unicharm and its competitors. Unicharm's current Cyclically Adjusted Book per Share is €2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unicharm stock overvalued right now?
Based on GuruFocus' analysis, Unicharm (FRA:UN4) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.93, compared to a current price of €5.35 — trading 22.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is €2.77. Unicharm's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Unicharm (FRA:UN4), the current Cyclically Adjusted Book per Share is €2.77 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Unicharm (FRA:UN4) Overvalued in 2026?

Based on GuruFocus' analysis, Unicharm stock appears to be undervalued. The current stock price of €5.35 is trading 22.8% below its estimated GF Value™ of €6.93. GuruFocus considers Unicharm to be Modestly Undervalued.

Key valuation signals for FRA:UN4:

  • Cyclically Adjusted Book per Share: €2.77
  • GF Value™: €6.93 vs. price of €5.35 (22.8% below fair value)
  • GF Score™: 87/100 with 3 warning signs

No single metric tells the full story. See the FRA:UN4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Unicharm Business Description

Address 3-5-19, Mita, Sumitomo Fudosan Tokyo Mita Garden Tower, Minato-ku, Tokyo, JPN, 108-8575
Focusing on personal hygiene products utilizing nonwoven fabric, Unicharm is the largest manufacturer of disposable baby diapers and feminine sanitary and adult incontinence products in Japan and Asia. Its personal care business accounted for around 80% of its sales as of 2025, with the balance mainly from pet care. Unicharm generates around 60% of its revenue from overseas, of which nearly three-fourths are from Asia, mostly China, Indonesia, and Thailand. India is the fastest-growing market, followed by Vietnam. Outside Asia, Unicharm operates in Saudi Arabia, the Americas, and Europe. Drugstores, supermarkets, baby product specialty stores, and e-commerce are the key sales channels.
87GF Score

Get the complete analysis for FRA:UN4

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€5.35
Price
€6.93
GF Value